Calif. Governor Proposes Fund to Pay for Wildfire Liabilities; PG&E Shares Rise

But please: don’t call it a bailout.

(From Newsmax)

The government’s support for the utilities “should alleviate some of the market’s concerns about future liabilities,” he said.

The report was harshly critical of PG&E, saying it is “taking advantage of the bankruptcy process to promote the interests of investors over fire victims and other stakeholders.”